Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: SunX against BingX+0.244%7-day average +0.297% · you sell dearer than you buy

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1681.680% of the position

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)−0.418%−$42 · spread now +0.244%, 7d avg +0.297%

Together, before fees−0.386%−$39 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.053% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.297%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AVAX-USDT	10.784	0.0100	pay 0.0100% / 8h	7h 42m	—	$53.2M	—
Short	SunX AVAX-USDT	10.810	0.0100	get 0.0100% / 8h	7h 42m	$11K	$772K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee SunXbpOrdersPrice spread, now +0.244%Rate

Funding earned: $0
Price spread: +0.244% → +0.297%: −$5.32
Slippage, 4 orders: −$149.98
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$173.31
Costs to cover: 1.680%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; SunX: live order book, 69 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 11 min ago	0.46 bp	5.5 bp −$6	6.4 bp −$64	10.2 bp −$1,018	28.0 bp −$14.0K
Sell SunX live order book, 69 min ago	41.88 bp	101.6 bp −$102	doesn't fit	doesn't fit	doesn't fit

AVAX on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_AVAXUSD	−0.0265%	1h	10.781	−0.028%	$3.7M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0258%	1h	10.791	+0.070%	$281K	$326K	10x	as long as short
Phemex AVAXUSDT	−0.0238%	8h	10.782	−0.019%	$28.8M	$5.7M	50x	as long as short
Variational Omni AVAX	−0.0079%	8h	10.821	+0.340%	$3.0M	$2.2M	—	as long as short
SoDEX AVAX-USD	−0.0060%	1h	10.777	−0.065%	$18K	$68K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0028%	1h	10.782	−0.019%	$4.9M	$6.7M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.801	+0.159%	$92K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.787	+0.023%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.223%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0043%	8h	10.780	−0.037%	$13.6M	$28.7M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0091%	8h	10.783	−0.012%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.780	−0.033%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.781	−0.028%	$22K	$469K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.791	+0.069%	$35.9M	$41.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.784	+0.002%	$2.4M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.782	−0.017%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.797	+0.121%	$114.0M	$398.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.797	+0.121%	$84.5M	$138.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.798	+0.130%	$19.0M	$107.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.781	−0.028%	$53.3M	$79.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.782	−0.019%	$13.9M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.786	+0.019%	$32.9M	$45.7M	75x	as long as short
BingX AVAX-USDTlong	+0.0100%	8h	10.784	long leg	—	$53.2M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.783	−0.009%	$439K	$532K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.801	+0.158%	$343K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.807	+0.213%	$174K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.790	+0.056%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.789	+0.046%	$233K	$244K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	10.810	+0.244%	$11K	$772K	20x
HTX AVAX-USDT	+0.0100%	8h	10.775	−0.079%	$335K	$871K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.779	−0.044%	$616K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.776	−0.079%	$248K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.806	+0.204%	$852K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.767	−0.158%	$4.6M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.775	−0.085%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.786	+0.018%	$228K	—	120x	as long as short